Business, Investments

8K Miles Software Services Acquires US-based Mobile App Developer Cintel for $3.75M

Image Source: intelligentprocessapps

Image Source: intelligentprocessapps

Cloud Solutions company, 8K Miles Software Services has acquired US-based mobile application development and services company Cintel. As per a MoneyControl report, 8K Miles has entered into an asset purchase agreement with Cintel Systems includes acquisitions of intellectual property (IP), client contracts and employees for a deal amount of $3.75 million in a combination of cash and stock.

With this acquisition, 8K Miles plans to expand its capabilities to provide even better user experience for enterprises.

Cintel offers UI design and UX development, mobile application developer services across various sectors such as banking & financial services, hi-tech, education, insurance & healthcare, retail and manufacturing. SaaS and cloud applications providers are among its customers.

8K Miles is a cloud solutions and managed service company, which provides SMAC (social, mobile, analytics and cloud) solutions for connectivity between consumers, SMBs, enterprises and government agencies.

Last month, 8K Miles had acquired a clinical research software startup, Mindprint Inc. for a deal amount of $400,000 in cash and stock. The company which is based out in Chennai, had also acquired FuGen Solutions for USD 7.5 Million in 2013 and US-based SERJ Solutions, a provider of custom application development, and support solutions for the healthcare market in November 2014.

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